What is IOTA?

IOTA is a cryptocurrency aimed to be used for transactions in the Internet of Things (IoT). It is based on the Tangle technology instead of blockchain. IOTA is easily scalable unlike Bitcoin.

In order to add a new transaction to the tangle, a user has to randomly pick two tangle tips (yet unconfirmed transactions) and validate them. The transaction speed increases with the number of users. There are no transaction fees, even for small amounts.

The number of IOTA tokens is 2777 530 283 277 761. No additional tokens will be issued, nor any will be removed from the token pool.

EXANTE commission fee for trading IOTA is 0.5%. Please contact our 24 hour support for full detail on cryptocurrency trading, at support@exante.eu